Channing Capital Management LLC Takes Position in MaxLinear, Inc. (MXL)

Channing Capital Management LLC purchased a new stake in MaxLinear, Inc. (NYSE:MXL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 548,713 shares of the semiconductor company’s stock, valued at approximately $10,908,000. Channing Capital Management LLC owned about 0.80% of MaxLinear as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of MaxLinear in the second quarter valued at approximately $204,000. OppenheimerFunds Inc. increased its holdings in shares of MaxLinear by 29.0% in the second quarter. OppenheimerFunds Inc. now owns 13,990 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 3,146 shares during the last quarter. First Mercantile Trust Co. increased its holdings in shares of MaxLinear by 130.6% in the third quarter. First Mercantile Trust Co. now owns 13,109 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 7,424 shares during the last quarter. Krane Funds Advisors LLC increased its holdings in shares of MaxLinear by 85.8% in the second quarter. Krane Funds Advisors LLC now owns 19,111 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 8,824 shares during the last quarter. Finally, Westside Investment Management Inc. acquired a new stake in shares of MaxLinear in the third quarter valued at approximately $324,000.

Several equities research analysts recently commented on the company. Zacks Investment Research cut MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. Needham & Company LLC cut their price target on MaxLinear from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. ValuEngine raised MaxLinear from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. UBS Group cut MaxLinear from a “positive” rating to a “neutral” rating in a report on Thursday, October 25th. Finally, Susquehanna Bancshares cut MaxLinear from a “positive” rating to a “neutral” rating and cut their price target for the company from $21.00 to $18.00 in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.60.

Shares of MaxLinear stock opened at $20.76 on Tuesday. The company has a market capitalization of $1.41 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. MaxLinear, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $28.06. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.69.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $85.00 million during the quarter, compared to analyst estimates of $85.01 million. MaxLinear had a positive return on equity of 15.35% and a negative net margin of 11.18%. The firm’s revenue for the quarter was down 25.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Equities research analysts predict that MaxLinear, Inc. will post 0.67 EPS for the current year.

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MaxLinear Profile

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Institutional Ownership by Quarter for MaxLinear (NYSE:MXL)

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